Coatings World - August 2017

China

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by Arnold Wang China Columnist

In the first four months of 2017, China produced 5.96 million tons of coatings, in- creased only 2.6 percent over the same peri-
od of last year, proving that the whole coatings
industry is slowing down. Due to the launch
of new government regulations to adjust the
development speed of the real estate property
market, the real estate property industry has
become relatively soft after entering 2017, but
international trade and domestic consumption
provide new momentum for many industries,
including coatings. For example, for the first
four months in 2017, home furniture export
volume was increased by 6.1 percent and home
furniture sales was increased by 12. 9 percent
over the same period of last year, leading the
growth of wood coatings. The export volume of
toys, a major market sector for plastic coatings,
was increased by 2.8 percent and total toy sales
was increased by 11. 3 percent over last year.
Besides, the export volume of home appliances
was increased by 13. 6 percent and their total
sales was increased by 15. 3 percent. Home ap-
pliances uses a lot of metal and plastic coatings
during their manufacturing.

Foreign companies dominates
industrial coatings markets

Bringing into the Chinese markets advanced technologies and early investments, foreign companies or their joint ventures have gained favorable positions in most industrial coatings sectors, including automotive coatings, coil coatings, wind power coatings, anti-corrosion coatings, ship coatings, etc. It is difficult for other companies to shake their leading positions. And foreign companies also try to grow their market shares through acquisitions and expanding into new regions such as western China in recent years.